By Zhang Lun
The functioning of the rubber industry in China was sound during January-May 2018. Major economic functioning indicators such as the current price industrial output value, the main business revenue and the export delivery value achieved a positive growth. The profit-earning of the rubber industry was improved compared with the same period of last year and the profit made a considerable growth. According to statistics made to 377 key member enterprises in 11 branches of tires, cart tires, rubber hoses/belts, rubber products, rubber shoes, latex, carbon black, scrap rubber comprehensive utilization, rubber machinery/molds, rubber additives and skeleton materials, the current price industrial output value accomplished during January-May 2018 was RMB138.361 billion. The sales revenue was RMB135.487 billion. The export delivery value was RMB42.448 billion. The export rate (value) was 30.68%, a drop of 0.10%. The profit was RMB4.860 billion, an increase of 42.72%. The sales revenue profit rate was 4.73%, an increase of 1.13%.
The current price industrial output value achieved a positive growth
According to statistics made by the association to key member enterprises, the current price industrial output value of the rubber industry during January-May 2018 was 7.94% higher than the same period of last year and the growth was 6.50% lower. The current price industrial output value in sectors of rubber shoes and latex had a negative growth. These two sectors made a positive growth in the same period of last year. In sectors that achieved a positive growth, sectors of scrap rubber comprehensive utilization and rubber additives reversed the declining trend in the same period of last year and achieved a positive growth. Other sectors all made a positive growth in the same period of last year. The growth in sectors of cart tires and rubber machinery/molds was higher than the same period of last year. See Figure 1 for detail.
Figure1 Growth of the industrial output value in various sectors of the rubber industry during January-May 2018
The sales revenue achieved a positive growth
According to statistics made by the association to key member enterprises, the sales revenue of the rubber industry during January-May 2018 was 8.77% higher than the same period of last year and the growth was 6.33% lower. The sales revenue in sectors of rubber shoes and scrap rubber comprehensive utilization had a negative growth. These two sectors made a positive growth in the same period of last year. In sectors that achieved a positive growth, the sector of rubber additives reversed the declining trend in the same period of last year and achieved a positive growth. Other sectors all made a positive growth in the same period of last year. The growth in sectors of rubber hoses/belts and rubber machinery/molds was higher than the same period of last year. See Figure 2 for detail.
Figure 2 Growth of the sales revenue in various sectors of the rubber industry during January-May 2018
The export delivery value maintained a positive growth
According to statistics made by the association to key member enterprises, the export delivery value of the rubber industry during January-May 2018 was 7.61% higher than the same period of last year and the growth was 10.76% lower. Only the sector of rubber shoes had a negative growth. The sector made a positive growth in the same period of last year. In sectors that achieved a positive growth, the sector of scrap rubber comprehensive utilization reversed the declining trend in the same period of last year and achieved a positive growth. Other sectors all made a positive growth in the same period of last year. The growth in sectors of cart tires, carbon black and rubber additives was higher than the same period of last year.
Various sectors made a remarkable growth
During January-May 2018, 39 key enterprises in the sector of tires made an increase of 1.50% in the current price industrial output value and an increase of 3.74% in the sales revenue. The comprehensive tire output was 2.93% higher. Of the total, the output of radial tires was 3.58% higher and the output of all-steel radial tires was 3.85% higher. The export delivery value had an increase of 2.25% and the export rate (value) was 35.29%, an increase of 0.26%. The export tire delivery amount was 5.37% higher. Of the total, the export radial tire delivery amount was 6.11% higher. The profit and tax had an increase of 76.09% and the profit was 172.81% higher. The sales revenue profit rate was 2.10%, an increase of 1.30%.
During January-May 2018, 34 key enterprises in the sector of cart tires made an increase of 10.72% in the current price industrial output value and an increase of 10.82% in the sales revenue. In leading products the output of bicycle tires was 4.85% lower, the output of electric bicycle tires was 21.89% higher and the output of motorcycle tires was 15.72% higher. The export delivery value had an increase of 6.95% and the export rate (value) was 24.87%, a drop of 0.88%. The profit and tax had an increase of 6.83% and the profit was 2.07% lower. The sales revenue profit rate was 1.52%, a drop of 0.05%.
During January-May 2018, 53 key enterprises in the sector of rubber hoses/belts made an increase of 8.78% in the current price industrial output value and an increase of 14.38% in the sales revenue. In leading products the output of conveyor belts was 3.18% higher, the output of V belts was 9.09% lower and the output of rubber hoses was 11.36% higher. The export delivery value had an increase of 20.25% and the export rate (value) was 10.75%, an increase of 1.03%. The profit and tax had an increase of 34.18% and the profit was 32.16% higher. The sales revenue profit rate was 8.74%, an increase of 1.18%.
During January-May 2018, 38 key enterprises in the sector of rubber products made an increase of 9.0% in the current price industrial output value and an increase of 7.14% in the sales revenue. In leading products the output of automobile damping products was 19.35% higher, the output of “O” seal rings was 19.07% higher and the output of export automobile components was 19.99% higher. The export delivery value had an increase of 10.44% and the export rate (value) was 41.19%, an increase of 0.54%. The profit and tax had a reduction of 0.44% and the profit was 15.55% higher. The sales revenue profit rate was 10.21%, an increase of 0.74%.
During January-May 2018, 24 key enterprises in the sector of rubber shoes made a reduction of 1.79% in the current price industrial output value and a reduction of 13.41% in the sales revenue. The output of rubber shoes was 5.25% lower. The export delivery value had a reduction of 23.90% and the export rate (value) was 12.46%, a drop of 3.62%. The profit and tax had an increase of 5.57% and the profit was 12.67% higher. The sales revenue profit rate was 5.35%, an increase of 1.24%.
During January-May 2018, 27 key enterprises in the sector of latex made a reduction of 1.40% in the current price industrial output value and an increase of 0.76% in the sales revenue. In leading products the output of condoms was 11.80% higher, the output of medical gloves was 16.74% higher and the output of examination gloves was 1.95% higher. The export delivery value had an increase of 4.42% and the export rate (value) was 47.42%, an increase of 2.64%. The profit and tax had a reduction of 29.94% and the profit was 40.63% lower. The sales revenue profit rate was 2.74%, a drop of 1.91%.
During January-May 2018, 34 key enterprises in the sector of carbon black made an increase of 27.93% in the current price industrial output value and an increase of 28.84% in the sales revenue. The total output of carbon black was 3.01% higher and the output of wet-process carbon black was 2.54% higher. The export delivery value had an increase of 68.15% and the export rate (value) was 15.01%, an increase of 3.59%. The profit and tax had an increase of 69.04% and the profit was 99.76% higher. The sales revenue profit rate was 7.33%, an increase of 2.60%.
During January-May 2018, 21 key enterprises in the sector of rubber machinery/molds made an increase of 2.17% in the current price industrial output value and an increase of 2.06% in the sales revenue. The output of molds was 2.25% higher. The export delivery value had an increase of 11.54% and the export rate (value) was 27.91%, an increase of 2.34%. The profit and tax had an increase of 2.12% and the profit was 2.07% higher.
During January-May 2018, 31 key enterprises in the sector of scrap rubber comprehensive utilization made an increase of 4.29% in the current price industrial output value and a reduction of 1.35% in the sales revenue. The output of reclaimed rubber was 5.60% lower and the output of rubber powder was 15.98% higher. The export delivery value had an increase of 11.26% and the export rate (value) was 2.89%, an increase of 0.18%. The profit and tax had an increase of 6.66% and the profit was 0.99% lower. The sales revenue profit rate was 5.55%, an increase of 0.02%.
During January-May 2018, 40 key enterprises in the sector of rubber additives made an increase of 31.03% in the current price industrial output value and an increase of 26.73% in the sales revenue. The total output of rubber additives was 9.63% higher. In leading products the output of accelerators was 7.10% higher and the output of antioxidants was 6.72% higher. The export delivery value had an increase of 27.46% and the export rate (value) was 32.51%, a drop of 0.91%.
During January-May 2018, 20 enterprises in the sector of skeleton materials made an increase of 16.11% in the current price industrial output value and an increase of 13.37% in the sales revenue. The export delivery value had an increase of 4.23% and the export rate (value) was 35.08%, an increase of 1.57%. The profit and tax had a reduction of 8.49% and the profit was 3.24% lower. The sales revenue profit rate was 4.21%, a drop of 0.72%. During January-May 2018, 37 enterprises in the sector of skeleton materials made an increase of 6.93% in the total output of skeleton materials. Of the total the output of fiber cords was 5.08% higher, the output of steel wire cords was 5.29% higher, the output of bead steel wires was 9.66% higher and the output of hose/belt steel wires was 25.87% higher.
